Course Name (short): Hum. Res. Finance & Acctg. 2
School: All Sheridan Schools
Program(s): Business Human Resources
Program Coordinator(s): John Hardisty
Course Leader or Contact: Multiple Course Leaders
Originator: Cheryl-Anne Shirley
Designate: Julie Blair
Version: 2.0
Status: Approved (APPR)

Calendar Description
This course continues from ACCG26564 Human Resources Finance and Accounting 1, providing human resources students with formal education in accounting and finance. The course continues the focus on cost and managerial accounting with an emphasis on analysis and decision making. Applications to human resources will be incorporated into the course. Students will learn through activities such as problem solving, exercises and lectures.

Typical Instructional Format

Courses may be offered in other formats.

Section I Notes: N/A

Detailed Description
Students will develop an understanding of the impact of accounting on the field of Human Resources especially in relation to the evaluation of employees under various accounting systems. Budgeting, standard cost systems and responsibility accounting are used to help the human resource student identify ways to help a corporation plan, control and direct their activities. Templates are utilized to help students quickly assess and evaluate key employees and provide a take-away experience that can be used in the real world.

Program Context

 1. Be a key player in the production of the master budget utilized by 
companies to plan, control and direct their corporate endeavours.

2. Prepare a cash budget for either personal or corporate use.

3. Use variance analysis to assess the performance of personnel 
working in a standard cost environment.

4. Prepare a flexible budget and use the budget to understand how 
various levels of activity impact costs.

5. Use an appropriate responsibility centre to help evaluate 
performance of key employees.

6. Calculate ROI and residual income, interpret the results and 
understand how they can be used to evaluate employees.

7. Use relevant cost and incremental analysis to help the management 
team make decisions in various situations.

1. Midterm Exam (Week 7)                35%

2. Final Exam (Week 14)                 35%

3. ASSIGNMENTS                          30%
   (Weekly Assignments)
                                       ____
                      Total            100%

Introduction to Managerial Accounting Canadian Edition, Garrison, 
Noreen, Kalagnanam, Vaidyanathan McGraw-Hill Ryerson (2004)  ISBN 0-
07-091617-9

WEEKS 1 & 2                              

TOPIC: Profit Planning

       - What is a budget and budgeting
       - Components of a personal budget, human resources area budget 
         and an organization budget (master, comprehensive or static)
       - How budgets differ between manufacturing, 
         retail/distribution and service organizations
       - Understanding and preparation of operating budgets
       - Understanding and preparation of financial budgets
______________________________________________________________________

WEEKS 3, 4 & 5                                       

TOPIC: Standard Costs
       
       - What is a standard?
       - Practical versus ideal standards
       - Advantages and disadvantages fo using standards
       - Calculating and using variances to analyze the differences
         between budgeted results and actual results
       - Interpretation of variances
______________________________________________________________________

WEEK 6

TOPIC:  Review for Midterm Exam
______________________________________________________________________

WEEK 7                                      

TOPIC: MIDTERM EXAM
______________________________________________________________________

WEEK 8                                      

TOPIC: Flexible Budgets

       - Characteristics of a flexible budget
       - Differences between a static and a flexible budget
       - Advantages of a flexible budget over a static budget
       - Prepare a flexible budget for a human resources scenario
       - Use the flexible budget to prepare a static budget
______________________________________________________________________

WEEKS 9 & 10                              

TOPIC: Decentralization and Performance Measurement
       
       - Types of responsibility centres and how performance 
         is measured in each
       - Different ways of segmenting an organization
       - Difference between traceable and common fixed costs
       - Calculate return on investment and residual income
______________________________________________________________________

WEEKS 11 & 12                           

TOPIC: Relevant Costs for Decision Making

       - Distinguish between relevant and irrelevant costs for 
         decision making
       - Use incremental analysis for decision making in various 
         situations
______________________________________________________________________

WEEK 13 

TOPIC:  Review for Final Exam 
______________________________________________________________________

WEEK 14                                     

TOPIC: FINAL EXAM 
______________________________________________________________________